Bulgaria’s 2015 Defense Spending Hits 10-Year Low

Bulgaria’s defense spending in 2015, at BGN 979 M, is the lowest amount since 2005, according to data provided by NATO.

In 2014 Bulgaria allocated BGN 1.102 B to defense, in 2013 the total amount was BGN 1.196 B, in 2012 BGN 1.099 B, and in 2011 BGN 1.066 B, according to statistics published by news.bg.

In 2010 Bulgaria allocated a total of BGN 1.23 B to defense.

In 2005 Bulgaria’s defense spending stood at BGN 1.051 B.

Bulgaria’s defense spending amounts to 1.2% of the GDP in 2015, based on current prices.

In the period 2005-2009, Bulgaria’s defense spending amounted to 2.1% of the GDP on average, in 2010-2014 it stood at 1.4% of the GDP, in 2011 and in 2012 at 1.4% of the GDP, in 2013 at 1.5% of the GDP, and in 2014 at 1.3% of the GDP.

The total number of personnel of Bulgaria’s Armed Forces has been decreasing since 2005, reaching a rate of 25 000 in 2015 from a total of 43 000 troops in 2005.

Bulgaria news
Novinite.com (Sofia News Agency - www.sofianewsagency.com) is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News."
Novinite.com (Sofia News Agency - www.sofianewsagency.com) and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria.
Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper.
News Bulgaria